36 — May 2026 — Owners, Developers & Managers — M id A tlantic Real Estate Journal
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O wners , D evelopers & M anagers The project features a 250,000 s/f, class A industrial building Matan Companies breaks ground on 250,000 s/f at Venture Industrial in Stafford, Virginia
TAFFORD, VA — Matan Companies announced the ground- breaking of Venture Indus- trial, its latest industrial de- velopment located in the heart of Stafford County. The project features a 250,000 s/f, class A industrial building being con- structed on a speculative basis to meet the demand for high- quality industrial space along the I-95 corridor in Virginia. Flanked by Burns Crossing to the north and the newly established DHL Distribution Center to the south, this location provides immediate highway S
sophisticated industrial and technological users.” The facility is designed with modern efficiency in mind, featuring 36’ ceiling height, 52 ’x 47.5’ typical column spac - ing, 130’ truck court, 60 dock doors, 243 parking spaces and 4 electric vehicle charging sta - tions. The building allows for both single-tenant and multi- tenant configurations, with a flexible layout that can accom - modate both large tenants and smaller users seeking partial building suites. With construction now un- derway, Matan Companies anticipates that early tenant improvements (TI’s) can com - mence in May 2027, and that the building will be substan- tially complete by July 2027. 715 Progress Way In related development news, Matan Companies an - nounced the groundbreaking of 10,175 s/f of strip retail situated on a one-acre par- cel at 715 Progress Way in Gaithersburg, MD. The de - velopment represents the next phase of retail growth at the highly visible intersection of Montgomery Village Ave. and MD-355, which already features established national brands including Chick-fil-A and Sheetz. “We’re excited to continue expanding this dynamic desti- nation in Gaithersburg,” said James Matan , director of leas- ing for the Matan Companies. “With strong existing traffic generated by Chick-fil-A and Sheetz, along with excellent accessibility, this site offers an ideal opportunity for retailers.” Located directly along I-270 between the Montgomery Vil - lage Ave. and Watkins Mill Rd. interchanges, the site benefits from strong traffic counts, proximity to major employment centers, and convenient access to key transportation routes. Construction on the strip retail center is now underway, with leasing opportunities currently available for both the inline retail space and the three pad sites. . MAREJ
access, ensuring seamless connectivity for regional and national distribution networks. “Venture Industrial repre - sents a significant investment in one of Virginia’s fastest- growing corridors,” said Vince Burke , director of develop- ment for Matan. “The conver - gence of record-breaking data center demand and a tighten- ing supply of class A industrial space makes Stafford an ideal environment for this project. We are designing a facility that offers the power, ceiling heights, and loading capabili- ties required by today’s most
Venture Industrial renderings
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